International Financial Reporting Standards (IFRS) Training Course

Derived from: THE WORLD BANK's International Financial Reporting Standards

International Financial Reporting Standards (IFRS) Training Course Overview:

This comprehensive IFRS Training Course is designed to equip you with the essential skills for Financial Statements Preparation under International Financial Reporting Standards. Whether you're a beginner or looking for IFRS Certification, this course covers everything from IFRS Framework to IFRS Compliance and IFRS Reporting. Learn the Differences between IFRS and GAAP, and get hands-on experience in IFRS Accounting Standards. Ideal for those who want a complete IFRS Tutorial.


Target Audience:

  • Financial Analysts
  • Accountants
  • Auditors
  • CFOs
  • Financial Controllers

This course addresses the skills gap in IFRS for Beginners and offers a pathway to IFRS Certification.


Targeted Organizational Departments:

  • Finance
  • Accounting
  • Internal Audit
  • Compliance

These departments will benefit from the course's focus on IFRS Accounting Standards and IFRS Compliance.


Targeted Industries:

  • Banking
  • Insurance
  • Manufacturing
  • Retail

These industries face specific challenges in IFRS Reporting and will gain from this course.


Course Offerings:

By the end of this course, participants will be able to:

  • Prepare Financial Statements under IFRS
  • Understand IFRS vs GAAP
  • Apply IFRS Accounting Standards
  • Ensure IFRS Compliance
  • Navigate IFRS Reporting


Training Methodology:

This 5-day intensive course uses a blend of lectures, case studies, group work, and interactive sessions. Participants will engage in real-world scenarios that require Financial Statements Preparation under IFRS and IFRS Compliance. Feedback sessions will be conducted to ensure understanding and application of IFRS Accounting Standards.


Course Toolbox:

  • IFRS Handbook
  • Financial Statements Templates
  • IFRS Compliance Checklist
  • Online IFRS Tutorial
  • Case Studies on IFRS Reporting


Course Agenda:

Day 1: Introductory Principles

  • Topic 1: Introduction to the IFRS Framework
  • Topic 2: IFRS1: Understanding First-Time Adoption of IFRS
  • Topic 3: IAS1: Mastering the Presentation of Financial Statements
  • Topic 4: IAS7: Exploring the Statement of Cash Flows
  • Topic 5: IAS8: Navigating Accounting Policies and Changes in Accounting Estimates, and Errors
  • Reflection & Review: Revisiting the Importance of Introductory Principles in IFRS


Day 2: Group Statements

  • Topic 1: IFRS3: Introduction to Business Combinations
  • Topic 2: IAS27: Understanding Consolidated and Separate Financial Statements
  • Topic 3: IAS28: Exploring Investments in Associates
  • Topic 4: IAS31: Delving into Interests in Joint Ventures
  • Reflection & Review: Revisiting the Importance of Group Statements in IFRS


Day 3: Statement of Financial Position / Balance Sheet

  • Topic 1: IAS16: Exploring Property, Plant, and Equipment
  • Topic 2: IAS40 & IAS41: Understanding Investment Property and Agriculture
  • Topic 3: IAS38 & IAS17: Navigating Intangible Assets and Leases
  • Topic 4: IAS12 & IAS2: Mastering Income Taxes and Inventories
  • Topic 5: IAS39 & IFRS9: Financial Instruments: Recognition and Measurement
  • Topic 6: IFRS5: Noncurrent Assets Held for Sale and Discontinued Operations
  • Topic 7: IFRS6: Exploration for and Evaluation of Mineral Resources
  • Topic 8: IAS37: Provisions, Contingent Liabilities, and Contingent Assets
  • Topic 9: IAS21: The Effects of Changes in Foreign Exchange Rates
  • Reflection & Review: Revisiting the Importance of Balance Sheet Items in IFRS


Day 4: Statement of Comprehensive Income / Income Statement

  • Topic 1: IAS18 & IAS11: Understanding Revenue and Construction Contracts
  • Topic 2: IAS19 & IAS36: Exploring Employee Benefits and Impairment of Assets
  • Topic 3: IAS23: Navigating Borrowing Costs
  • Topic 4: IAS20: Accounting for Government Grants and Disclosure of Government Assistance
  • Topic 5: IFRS2: Introduction to Share-Based Payment
  •          Reflection & Review: Revisiting the Importance of Income Statement Items in IFRS


Day 5: Disclosure

  • Topic 1: IAS10: Understanding Events After the Reporting Period
  • Topic 2: IAS24: Navigating Related-Party Disclosures
  • Topic 3: IAS33 & IAS32: Introduction to Earnings Per Share and Financial Instruments Presentation
  • Topic 4: IFRS7 & IFRS8: Exploring Financial Instruments Disclosures and Operating Segments
  • Topic 5: IAS34: Delving into Interim Reporting
  • Topic 6: IAS26: Accounting and Reporting by Retirement Benefit Plans
  • Topic 7: IFRS4: Insurance Contracts
  • Topic 8: IAS29: Financial Reporting in Hyperinflationary Economies
  • Reflection & Review: Summary and Next Steps for Mastering IFRS Disclosures


How This Course is Different from Other IFRS Training Courses:

Unlike other courses, this IFRS Training Course offers a comprehensive guide to IFRS Compliance and Financial Statements Preparation. It's not just an IFRS Tutorial; it's a pathway to IFRS Certification. With real-world case studies and a focus on IFRS Reporting, this course stands out as a complete package for mastering International Financial Reporting Standards.


credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center